By Jennifer Chiou
New York, Nov. 20 - JPMorgan Chase & Co. priced $5,947,000 of 0% capped single observation knock-out notes due Dec. 4, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the share price falls by more than 20% from the initial price on the Nov. 29, 2013 observation date.
If a knock-out event does not occur, the payout at maturity is par plus the greater of the stock return and the 5% contingent minimum return, subject to a maximum return of 32.05%.
If a knock-out event occurs, the payout at maturity is par plus the stock return. Investors will be fully exposed to losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped single observation knock-out notes
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Underlying stock: | Apple Inc. (Symbol: AAPL)
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Amount: | $5,947,000
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Maturity: | Dec. 4, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If share price falls by more than 20% from initial level on Nov. 29, 2013 observation date, par plus stock return, with full exposure to losses; if knock-out event does not occur, par plus greater of stock return and 5%, capped at 32.05%
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Initial price: | $527.72
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Knock-out buffer: | 20% of initial price
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Pricing date: | Nov. 16
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Settlement date: | Nov. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48126DHX0
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